Westone(SZ:002268) Zheng Quan Shi Bao Wang·2025-10-31 04:54Core Viewpoint - The Beijing High Court has ruled in favor of Electric Science and Technology Network Security (002268) in a property dispute involving a purchase of 1.129 billion yuan, marking a significant legal victory for the company [1][6]. Group 1: Legal Proceedings - The Beijing High Court determined that the sales contract between Electric Science and Technology Network Security's subsidiary, Beijing Network Security, and Beijing Jinfeng Kehua Real Estate Development Co., Ltd. is valid [1]. - The court ruled that Beijing Network Security had legally occupied the property in question before it was sealed by the first-instance court and had paid the full purchase price [1][3]. - The court's decision annulled 122 previous civil judgments from the Beijing Second Intermediate People's Court and lifted the execution measures on the property [1][5]. Group 2: Background of the Dispute - The property dispute has persisted for over seven years, beginning with the signing of a purchase intention agreement in August 2015, where Beijing Network Security paid a deposit of 50 million yuan [2]. - By June 2016, Beijing Network Security had fully paid the agreed purchase price of 1.129 billion yuan [3]. - The conflict escalated in June 2018 when Beijing Network Security received a civil lawsuit from Zhonghong Ruide Investment Management Center, which claimed rights over the property due to a debt purchase [4][5]. Group 3: Current Status and Future Actions - Following the ruling, Electric Science and Technology Network Security acknowledged that, due to the bankruptcy of the developer, Beijing Network Security must continue to protect its rights through subsequent legal processes [6].